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Fed Hawks Goolsbee & Bostic Double Down: ’Patience Over Panic’ as Rate Cut Hopes Fade
Fed Hawks Goolsbee & Bostic Double Down: ’Patience Over Panic’ as Rate Cut Hopes Fade
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Two of the Fed's most vocal inflation hawks just poured cold water on Wall Street's rate-cut fantasies.
Chicago Fed President Austan Goolsbee and Atlanta Fed chief Raphael Bostic struck a unified tone today: The fight against inflation isn't over—and premature easing could reignite the very price surges they've spent years battling.
Translation: The 'higher for longer' era isn't going anywhere. Traders scrambling for dovish signals got reality-checked—again.
Funny how these bankers always preach patience... right until their friends' hedge funds need a liquidity boost.
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